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Calculate the standard time

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The average observed time for a given job is 10 minutes. The performance rating is 80%, and allowances are set by company at 10%. Calculate the standard time.

Consider a firm with an annual net income of $20 million, revenue of $60 million and cost of goods sold of $25 million. If the balance sheet amounts show $2 million of inventory and $500,000 of property, plant & equipment, what is the inventory turnover?

Reference no: EM132708931

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